Blockchain, the Future of Money …

by Larry Oxenham, Publisher


We recently introduced our readers to a very special and limited opportunity to invest in a company, Lykke, that is changing the way money is transacted worldwide. The company, already operating, used by many of the wealthiest people in Europe, is built around innovative blockchain technology we will explain a little later in this message.

The first question is why should you care? After all, isn’t blockchain something done by geeks in dark basements, something you and I will never really experience?

The answer is an emphatic no!

Blockchain technology evens the financial playing field worldwide and allows you and I the same instant access formerly only the province of large companies. To make it even more interesting to you, the technology makes PayPal (a company most of us despise for their fees and their attitude!) obsolete.

Even better, the company we introduced our readers to is at the forefront of blockchain technology, has developed proprietary algorithms (Yeah, yeah, I have no real idea what this means, either….) and is now considered the ‘microsoft’ or ‘apple’ of this emerging technology.

In other words, in just a few years, Blockchain technology will soon be was well known as the iPhone … and a whole lot better for you.

(Before I go further, it is important for me to let you know I am working directly with the founders of Lykke as they bring the technology to the US marketplace, and also am assisting as they expand their message throughout Europe. The value to you is I will always have instant access to both investment opportunities and advancements in this respected, emerging company. So be sure to subscribe and watch for updates.)

BLOCKCHAIN GROWTH: You may recall there was a time the internet was considered a ‘novelty’, the province of government, something that would never be important to people worldwide … except to a small group who saw the future. The challenge was those who were involved had difficulty explaining the internet; it would take some time for people worldwide to understand and use it.

Many experts predicted the demise of the internet, not worldwide growth. New York Times columnist Paul Krugman, an economist who is largely political but is a champion to those who worship his words, said in the early 2000’s:

“The growth of the internet will slow drastically, as the flaw in ‘Metcalfe’s Law’ – which states that the number of potential networks in a connection is proportional to the square of the number of participants – becomes apparent: most people have nothing to say to each other! By 2005 or so it will become apparent that the internet’s impact on society has been no greater than than the fax machine.”

Krugman’s ‘foresight’ explains why you never ask an economist for an opinion about anything!

We are not economists so we like our information presented in a straightforward, understandable way.


Today, most people who have heard of blockchain know it through BitCoin because blockchain is how BitCoin is traded.

So a real simple definition of blockchain is digital money that can be sent by email.

Bitcoin is digital money that can be sent by email thanks to blockchain technology.

Since almost everybody uses email this makes it a ‘friendly’ methodology.

Blockchain is basically a database – called a distributed ledger – which records ownership and value and allows anyone with access to view and participate. In other words, blockchain is a huge shared network that has the ability to turn every existing industry upside down!

While most financial and economic ‘geniuses’ talk about the world changing effect of self driving cars, pop up cars, solar and wind energy and other technological advancements, it is the blockchain that will truly have the largest impact.

Blockchain gives you the same access the largest banks, the largest stock brokerages and the biggest financial players have always kept to themselves. (And those who already invested with us in Lykke already have the ability to do instant transactions without fees.)

Okay, now let’s break it down: most people think visually, meaning the words we see conjure an image in our mind. With blockchain we see blocks,

and chains …

The blockchain is just a name; it has nothing to do with blocks and chains!

The blockchain is a shared ledger, nothing more than a record of transactions.  We should add it is a shared ledger we trust, and it is the technology that allows the trust.

When done properly blockchain technology allows us to rid ourselves of banks, insurance companies, many government entities and more. This alone should get you excited but, for now, our interest lies in basic financial transactions we can conduct without fees.

Think about this for a minute: how much have you paid in transaction fees to banks/credit card companies/stock brokerages over the years. And how often have we had situations like the recent Wells Fargo one where the bank set up phony accounts to enhance their bottom line. And how often do we read of another case where a major company agreed to pay a huge fine for overcharging customers….


Assets can be programmed on the blockchain for cryptocurrencies, gold, stocks, bonds and anything else of value. And members, like ours in Lykke through the app, can access those items instantly and trade them without fees.

In my TDAmeritrade account I generally pay $6.95 per transaction. I have done 100’s, perhaps 1000’s of transactions with them over the years and have paid $1000’s, perhaps 10’s of $1000’s in fees; wouldn’t it be nice if I kept all that money!

But let’s carry it a step further: since you will be able to transact business directly through the blockchain companies like PayPal will be (already are based on Lykke’s cutting edge technology) made obsolete, bringing a huge sigh of relief to people who have paid as much as 5% in transaction fees for a single transaction.


In fact, one of the nation’s largest accounting firms, Deloitte, acknowledges blockchain will have the following benefits to consumers:

  1. Two parties are able to make an exchange without the oversight or intermediation of a third party, strongly reducing or even eliminating counterparty risks.
  2. Users are in control of all their information and transactions.
  3. Blockchain data is complete, consistent, timely, accurate, and widely available.
  4. Due to the decentralized networks, blockchain does not have a central point of failure and is better able to withstand malicious attacks.
  5. Users can trust that transactions will be executed exactly as the protocol commands removing the need for a trusted third party. (Which means those third party ‘processors’ won’t be there to charge fees.)
  6. Interbank transactions can potentially take days for clearing and final settlement, especially outside of working hours. Blockchain transactions can reduce transaction times to minutes and are processed 24/7. (We have already experienced this with Lykke)
  7. AND THE BIG ONE FOR MOST OF US: By eliminating third party intermediaries and overhead costs for exchanging assets, blockchains have the potential to greatly reduce (and sometimes eliminate) transaction fees.

Currently, we use the blockchain through our Lykke app (contact me if you want the app; it is free) and can use if for bitcoin and stock transaction … without fees.

SO FORGET ABOUT UNDERSTANDING THE TECHNOLOGY, JUST ENJOY THE BENEFITS. You and I will probably never thoroughly understand the technology behind the scenes (heck, I can’t figure out how a television takes pictures, breaks them into itty bitty bites, sends them through the air, and then reassembles them at the other end!) but everyone worldwide will soon enjoy the benefits.

And after so many years of ‘abuse’ from banks and other financial entities who have always had the power over us, won’t it be nice to be emancipated!

In fact, maybe we should change the name of blockchain to consumer revenge! Has a nice ring to it, doesn’t it.

Your comments are welcomed.